Morgan Stanley cut their price target on Estée Lauder Companies (NYSE:EL) to $100.00

VaselineAugust 23, 2024

0 4 minutes read

Estée Lauder Companies (NYSE:EL – Get Free Report) The price target was decreased by analysts at Morgan Stanley from $140.00 to $100.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 9.23% from the stock’s current price.

HE has been the subject of several other reports. Telsey Advisory Group reiterated a “market perform” rating and set a $115.00 price objective on shares of Estée Lauder Companies in a report on Monday. DA Davidson cut their price target on Estée Lauder Companies from $191.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday. Bank of America lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their price target for the company from $140.00 to $100.00 in a research note on Friday. August 16. Wells Fargo & Company reduced their price objective on shares of Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Piper Sandler cut their price target on shares of Estée Lauder Companies from $141.00 to $108.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th . Sixteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Estée Lauder Companies currently has an average rating of “Hold” and a consensus price target of $124.13, according to MarketBeat .

Read our latest research report on Estée Lauder Companies

Estée Lauder Companies rose 0.6%

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NYSE:EL opened at $91.55 on Tuesday. The stock has a market cap of $32.83 billion, a PE ratio of 51.43, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. Estée Lauder Companies has a fifty-two week low of $86.05 and a fifty-two week high of $165.76. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58, and a quick ratio of 1.15. The stock’s 50-day moving average is $101.69, and its two-hundred-day moving average is $126.73.

Estée Lauder Companies (NYSE:EL – Get Free Report ) last announced its quarterly earnings data on Monday, August 19th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. In the same period last year, the firm posted earnings of $0.07 per share. The company’s revenue increased by 7.3% year-on-year. As a group, equities research analysts forecast that Estée Lauder Companies will post 2.21 earnings per share for the current fiscal year.

Insider activity at the Estée Lauder companies

In other news, EVP Jane Lauder sold 14,976 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $121.26, for a total value of $1,815,989.76. Following the completion of the transaction, the executive vice president now owns 57,389 shares in the company, valued at approximately $6,958,990.14. The sale was disclosed in a filing with the SEC, which is available at this link. 12.77% of shares are owned by insiders.

Institutional Trading of the Estée Lauder Companies

Several large investors have recently made changes to their positions in EL. Vanguard Group Inc. increased its holdings in Estée Lauder Companies by 6.4% in the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock worth $3,188,832,000 after purchasing an additional 1,250,555 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Estée Lauder Companies by 13.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,151,580 shares of the company’s stock worth $607,169,000 after buying an additional 496,308 shares during the last quarter. Norges Bank purchased a new position in Estée Lauder Companies in the fourth quarter valued at $518,975,000. Independent Franchise Partners LLP raised its stake in shares of Estée Lauder Companies by 44.4% in the second quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock valued at $368,788,000 after purchasing an additional 1,066,320 shares during the period. Finally, Clearbridge Investments LLC grew its position in shares of Estée Lauder Companies by 4.6% in the first quarter. Clearbridge Investments LLC now owns 3,163,232 shares of the company’s stock worth $487,612,000 after purchasing an additional 140,416 shares in the last quarter. Institutional investors own 55.15% of the company’s shares.

Estée Lauder Companies Company Profile

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Estée Lauder Companies Inc manufactures, markets and sells skin care, makeup, fragrance and hair care products worldwide. Offers skin care products including moisturizers, serums, cleansers, toners, body care, exfoliation, acne care and oil correctors, face masks and sun care products; and makeup products such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.